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Headline inflation continued to soften in May as annualized CPI (Consumer Price Index) eased for the eleventh straight month and notched its lowest level since March 2021.
Astoria presents macro data from early last week detailing how consumer and AI optimism could drive markets higher.
Headline inflation continued to cool in April as annualized CPI (Consumer Price Index) eased for the tenth straight month.
While the macroeconomic data indicates that the likelihood of sidestepping recession has increased, the economic engine is not expected to run at full steam in the near future
FPIs purchased shares worth 116.31 billion Indian rupees ($1.42 billion) on a net basis in April, the highest since November 2022.